Enstar Group Ltd. (NASDAQ:ESGR) Sees Large Increase in Short Interest

Enstar Group Ltd. (NASDAQ:ESGR) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 199,300 shares, an increase of 8.9% from the May 15th total of 183,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 50,400 shares, the days-to-cover ratio is presently 4.0 days.

In other news, Director Hans-Peter Gerhardt bought 6,000 shares of the stock in a transaction dated Tuesday, May 28th. The shares were acquired at an average price of $166.90 per share, with a total value of $1,001,400.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 9.40% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in ESGR. Manchester Capital Management LLC acquired a new stake in Enstar Group during the 1st quarter worth approximately $40,000. Bremer Bank National Association bought a new position in shares of Enstar Group during the 1st quarter worth approximately $45,000. Advisor Group Inc. grew its stake in shares of Enstar Group by 41.4% during the 4th quarter. Advisor Group Inc. now owns 280 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 82 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Enstar Group during the 4th quarter worth approximately $101,000. Finally, Bremer Trust National Association bought a new position in shares of Enstar Group during the 4th quarter worth approximately $133,000. Institutional investors and hedge funds own 71.03% of the company’s stock.

A number of equities research analysts have commented on the stock. TheStreet raised shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a report on Thursday, May 16th. BidaskClub lowered shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Finally, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Enstar Group stock traded down $0.84 during trading hours on Friday, reaching $172.14. 50,723 shares of the company’s stock traded hands, compared to its average volume of 74,678. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.01 and a quick ratio of 1.01. Enstar Group has a fifty-two week low of $150.32 and a fifty-two week high of $223.45. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 22.44 and a beta of 0.74. The business’s 50 day moving average price is $172.08.

Enstar Group (NASDAQ:ESGR) last announced its quarterly earnings results on Wednesday, May 8th. The insurance provider reported $9.22 earnings per share for the quarter. The business had revenue of $426.48 million for the quarter. Enstar Group had a net margin of 16.11% and a return on equity of 4.08%.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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